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Healthcare Provider Update: Provides health coverage through Credence Blue Cross Blue Shield, Aetna Dental, CVS Caremark, and EyeMed, with HDHP and HSA options 2. With ACA insurers requesting double-digit hikes, Atkores HDHP with HSA support offers a tax-advantaged, cost-effective alternative to marketplace plans. Click here to learn more
The world of investing is very subjective--the investment plan that’s right for you depends largely upon the level of comfort that you have when it comes to risk. We'd like our clients from Atkore to remember that you can’t completely avoid risk when it comes to investing, but it's possible for you to manage it.
There are two aspects of risk tolerance for Atkore employees to consider: (1) the capacity of your investment plan itself to absorb losses, and (2) how comfortable you are personally with risk. The first aspect can be quantified--the more flexibility your investment plan has when it comes to potential loss, the more risk your plan can tolerate. For example, as we’ve discussed, a long investment time horizon may allow you to take on more risk than a short time horizon.
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The second aspect, how comfortable you are personally with risk, is more of an emotional measure, and depends on many factors, including your objectives, life stage, personality, and investment experience. Some investors are comfortable with a high degree of risk, while others can tolerate only minimal risk. Individual risk tolerance is an important factor for Atkore employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
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Investors are typically grouped into three categories for purposes of discussing risk tolerance: aggressive (those who have a high degree of risk tolerance); moderate (those willing to accept some degree of risk), and conservative (those who are risk averse).
What is the Atkore 401(k) plan?
The Atkore 401(k) plan is a retirement savings plan that allows employees to save for their future by contributing a portion of their salary on a pre-tax basis.
How can Atkore employees enroll in the 401(k) plan?
Atkore employees can enroll in the 401(k) plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.
Does Atkore offer a company match for 401(k) contributions?
Yes, Atkore offers a company match for employee contributions to the 401(k) plan, which helps employees maximize their retirement savings.
What is the maximum contribution limit for Atkore’s 401(k) plan?
The maximum contribution limit for Atkore’s 401(k) plan is determined by the IRS guidelines, which are updated annually. Employees should check the latest limits for the current year.
Can Atkore employees change their contribution percentage to the 401(k) plan?
Yes, Atkore employees can change their contribution percentage at any time by accessing their account through the benefits portal.
What investment options are available in the Atkore 401(k) plan?
The Atkore 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.
When can Atkore employees start withdrawing from their 401(k) plan?
Atkore employees can start withdrawing from their 401(k) plan without penalty after reaching the age of 59½, or under certain circumstances such as financial hardship.
Does Atkore allow loans against the 401(k) plan?
Yes, Atkore allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan documents.
Are there any fees associated with the Atkore 401(k) plan?
Yes, there may be administrative fees and investment-related fees associated with the Atkore 401(k) plan. Employees should review the plan documents for detailed information.
How often can Atkore employees change their investment options within the 401(k) plan?
Atkore employees can change their investment options within the 401(k) plan at any time, allowing for flexibility in managing their retirement savings.
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